6100 Snover RdCarsonvilleMI48419
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Carsonville at 6100 Snover Rd, Carsonville, MI, 48419 uses $43,062 cash to close to unlock $1,874/yr annual cash flow and $156/mo monthly cash flow. Total monthly income runs $1,013/mo, and a $636/mo payment keeps the spread at $156/mo. Purchase price stands at $129,900, and rental yield measures 9.36% with $1,013/mo rent. Return on cash invested shows 24.26% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 126.78% and total cumulative return in cash records $54,595. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,013/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48419, Carsonville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,318 (100%) |
| Owner Occupied HU | 808 (61.3%) |
| Renter Occupied HU | 150 (11.4%) |
| Vacant Housing Units | 360 (27.3%) |
| Median Home Value | $216,818 |
| Average Home Value | $269,087 |
Housing Distribution
Address Breakdown
Residential
1,128
Single Family
1,128
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda Smigill • Archie Thomas Real Estate
Mls Name: RMLS Multi-List
Mls ID: #018-26-0001